Pension funds, capital market development, and macroeconomic variables: Evidence from Jordan

2020 ◽  
Author(s):  
Demeh Daradkah ◽  
Nadia Al‐Hamdoun
Keyword(s):  
Capital Market ◽  
Pension Funds ◽  
Market Development ◽  
Macroeconomic Variables

scholarly journals Impact of Macroeconomic Variables, American Stock Market Index and Covid-19 Pandemic on Indonesia Capital Market Development (Time Series Study 1990-2020)

2021 ◽  
Author(s):  
Almira Rizqia ◽  
Pudji Astuty ◽  
Heru Subiyantoro
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Market Development ◽  
Linear Regression Method ◽  
Annual Data ◽  
Stock Market Index ◽  
Macroeconomic Variables ◽  
Market Index ◽  
Negative Effect ◽  
Positive Effect

The purpose of this study is 1.) To analyze the influence of foreign investment on the development of the Indonesian capital market. 2).To analyze the influence of the Exchange Rate on the Development of the Indonesian Capital Market. 3).To analyze the influence of the Interest Rate on the Development of the Indonesian Capital Market. 4).To analyze the influence of the Dow Jones Stock Market Index on the Development of the Indonesian Capital Market. 5).To analyze the influence of the Covid-19 Pandemic (dummy variable) on the Development of the Indonesian Capital Market.6). In this study, secondary data and library research were used as a technique for collecting data, using semi-annual data for the period 1990-2020. The research was processed using the EViews 11 program with the multiple linear regression method. The results of the research are known if 1.) Foreign Direct Investment has a significant and positive effect on Capital Market Development. 2.) Exchange Rates have a significant and positive influence on the Development of the Indonesian Capital Market. 3.) Interest Rates have a significant and negative effect on the Development of the Indonesian Capital Market. 4.) The Dow Jones Stock Market Index has a significant and positive effect on the Development of the Indonesian Capital Market. 5.) The Covid-19 pandemic had a significant and negative effect on the Development of the Indonesian Capital Market in the period 1990 to 2020. The results of this study are expected to contribute to policy holders regarding the role of macroeconomic variables on the development of the capital market, so that in the future it can be one of the references in conducting the policy mix so as to improve the development of the Indonesian capital market.

scholarly journals Impact of Macroeconomic Variables, American Stock Market Index and Covid-19 Pandemic on Indonesia Capital Market Development (Time Series Study 1990-2020)

2021 ◽  
Vol 4 (4) ◽  
Author(s):  
Almira Rizqia ◽  
◽  
Pudji Astuty ◽  
Heru Subiyantoro
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Market Development ◽  
Linear Regression Method ◽  
Annual Data ◽  
Stock Market Index ◽  
Macroeconomic Variables ◽  
Market Index ◽  
Negative Effect ◽  
Positive Effect

The purpose of this study is 1.) To analyze the influence of foreign investment on the development of the Indonesian capital market. 2).To analyze the influence of the Exchange Rate on the Development of the Indonesian Capital Market. 3).To analyze the influence of the Interest Rate on the Development of the Indonesian Capital Market. 4).To analyze the influence of the Dow Jones Stock Market Index on the Development of the Indonesian Capital Market. 5).To analyze the influence of the Covid-19 Pandemic (dummy variable) on the Development of the Indonesian Capital Market.6). In this study, secondary data and library research were used as a technique for collecting data, using semi-annual data for the period 1990-2020. The research was processed using the EViews 11 program with the multiple linear regression method. The results of the research are known if 1.) Foreign Direct Investment has a significant and positive effect on Capital Market Development. 2.) Exchange Rates have a significant and positive influence on the Development of the Indonesian Capital Market. 3.) Interest Rates have a significant and negative effect on the Development of the Indonesian Capital Market. 4.) The Dow Jones Stock Market Index has a significant and positive effect on the Development of the Indonesian Capital Market. 5.) The Covid-19 pandemic had a significant and negative effect on the Development of the Indonesian Capital Market in the period 1990 to 2020. The results of this study are expected to contribute to policy holders regarding the role of macroeconomic variables on the development of the capital market, so that in the future it can be one of the references in conducting the policy mix so as to improve the development of the Indonesian capital market.

scholarly journals ESTIMATION OF ASSET ACCUMULATION OF THE PROPOSED SLOVENIAN, MANDATORY-FUNDED PENSION PILLAR

2001 ◽  
Vol 51 (4) ◽  
pp. 513-539
Author(s):  
T. KERLJ ◽  
G. DOLINAR ◽  
D. MRAMOR
Keyword(s):  
Capital Market ◽  
Pension Funds ◽  
Market Development ◽  
Pension Scheme ◽  
Asset Accumulation ◽  
Independent Variables ◽  
Time Period ◽  
Future Time Period ◽  
Dynamic Simulation Model ◽  
The Impact

This paper analyses the impact of the introduction of a proposed mandatory earnings-related fully-funded pension scheme, named as the second pillar, on the accumulation of pension-funds assets and possibly on the capital market development in Slovenia. First, the dynamic simulation model is developed to estimate the accumulated pension-funds assets as a percentage of GDP in each future time period under the assumption of certainty. It is followed by the assumptions and estimates of the data used for independent variables and the results obtained by implementing the model for the period of 25 years. Relaxing the assumption of certainty, the paper proceeds with estimations of accuracy of the results with three methods. It is concluded, that the estimated level of accumulated pension-funds assets in GDP 25 years after the introduction of the reform will be approximately 40% and comparable to the level in countries with developed capital markets. Also, the accuracy of the estimate is surprisingly good. It is therefore expected that besides other effects, the introduction of this pension scheme would have an important impact on the development of the Slovenian capital market.

Capital Market Development

2004 ◽  
pp. 611-622
Author(s):  
Kette Bevine ◽  
Ellis J. Juan ◽  
Juan Mario Laserna
Keyword(s):  
Capital Market ◽  
Market Development
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